Financial statements can be used to determine the financial health and potential profitability of a company. Simply put, going over these regularly reported documents can help you determine whether it is a good investment.
Found in the Financials tab on detailed quote pages, TMXmoney has improved its financials coverage providing more information and a better display making it easier to measure how well management is making use of company resources and the many important aspects of company operations and earnings.
Within the tab, you'll find the three major financial statements:
Balance Sheet – Presents a snapshot of a company's financial position by summarizing assets and liabilities at a specific point in time.
Cash Flow – Shows amount of cash generated and used and indicates a company's financial strength.
Income Statement – Measures a company's financial performance over a specific period, providing a summary of how the company incurs revenues and expenses through operating and non-operating activities. Also shows net profit or loss.
You'll find fundamental figures like EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) EPS (Earnings Per Share) and Operating Cash Flow. You can easily toggle between Annual Report and Quarterly Reports with one click and expand or collapse sections of the statements. Another new feature is the ability to view each figure within the reports in chart form, comparing the current value to previous periods. Just hover over the chart icon to instantly view this.
Remember that you can jump to any of the three statements at any time by clicking the appropriate headline at the top of the tab. Check out the Financials tab for yourself to get the data you need start analyzing companies.